USA Rare Earth — Q3 2026 Earnings Summary

USA Rare Earth reported third-quarter 2026 revenues of $3.0 million and a net income of $11.7 million, driven by the completion of its acquisition of Serra Verde and the commencement of commercial magnet sales. The company successfully produced its first light and heavy rare earth oxide samples at its Wheat Ridge facility and broke ground on a new $1.2 billion metals and magnets manufacturing plant in Blacksburg, South Carolina. Cash, cash equivalents, and restricted cash balances reached $1.2 billion as of September 30, 2026, following significant capital raises and the closing of the Serra Verde combination. Thras Moraitis assumed the role of Chief Executive Officer on October 1, 2026, succeeding Barbara Humpton to lead the integrated platform's expansion.